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government officials have vowed to take action. they say they will consider revising the law to strengthen penalties against rapists. indian home affairs minister has ordered police chiefs around the country to investigate sexual assaults more thoroughly. >> such modifications required in our laws and procedures and the methodology of investigation. >> reporter: but women and even girls continue to be brutalized. this month a 32-year-old woman in the eastern state of behar was found hanging from a tree after she was gang-raped. and a 9-year-old girl was raped and killed in the western state of maharastra. women in new delhi are signing up for martial arts classes. they say they can't rely on the police. >> translator: i have to defend myself the police are not trustworthy. >> reporter: some people are focused on helping the victims. an ngo in new delhi has launched an effort to support women who have experienced sexual assault. abdul maboud is one of the nba leaders. he says the group wants to help create a society that respects wo
government officials have vowed to take action. they say they will consider revising the law to strengthen penalties against rapists. indian home affairs minister has ordered police chiefs around the country to investigate sexual assaults more thoroughly. >> such modifications required in our laws and procedures and the methodology of investigation. >> reporter: but women and even girls continue to be brutalized. this month a 32-year-old woman in the eastern state of behar was found...
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Jan 23, 2013
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, affordable housing, and changes in the system of government. ben netanyahu now needs to work with the surprise winner of the election. the former tv journalist only founded his secular party last year. it is now the second strongest party. he wants his country to change course. >> israelis have said no to a policy of fear and hatred. they have said no to the division of israeli society into sections, tribes, or groups/interest. >> a total 12 parties have one seat in parliament -- have won seats in parliament, so there are alliance is possible. it may be some time before the formation of the next israeli parliament can be announced. >> polls have closed in neighboring jordan in the first election since the dawn of the arab spring. alabama officials are reporting a turnout of almost 57%. -- >> officials are reporting a turnout of almost 57%. some have questioned the sincerity of moves to improve democracy, and there are widespread allegations of vote- buying. >> here's a closer look at how jordanians views evoke -- view the vote. >> the elections
, affordable housing, and changes in the system of government. ben netanyahu now needs to work with the surprise winner of the election. the former tv journalist only founded his secular party last year. it is now the second strongest party. he wants his country to change course. >> israelis have said no to a policy of fear and hatred. they have said no to the division of israeli society into sections, tribes, or groups/interest. >> a total 12 parties have one seat in parliament --...
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Jan 23, 2013
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in order for the form a government he will have to come close to form a government. conventional wisdom says, if he forms a government israel will be close to negotiations again. former anchorman turned politician made statements saying he ran on a platform on mandatory military service. we ran the numbers larry. >> appreciate it. with the prime minister's party working with a weak erer majori what does this mean for the u.s. in the middle east? sorry, ambassador ginsberg. the question is iran. not palestine and also president obama. how does this affect israel's relation wi relation? >> it is clear that the wings have been clipped. >>> if he is going to abide by we don't want you playing around with the united states relationship. he's going to have to be a lot more kinder and gentler to this president who won and overwhelming mandate to avoid going to war with iran. if you catch the president's speech and his address there were lines in there that made it clear that the president is going to walk the extra mile to see if he can engage iran rather than go to war wit
in order for the form a government he will have to come close to form a government. conventional wisdom says, if he forms a government israel will be close to negotiations again. former anchorman turned politician made statements saying he ran on a platform on mandatory military service. we ran the numbers larry. >> appreciate it. with the prime minister's party working with a weak erer majori what does this mean for the u.s. in the middle east? sorry, ambassador ginsberg. the question is...
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Jan 23, 2013
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this culture of promoting these ideas with government capitol only creates government welfare or corporate welfare and creates corporate dependence. gerri: companies that fail as we talked about some many times in the show. whether you're talking about solyndra or a number of others that our government financed. you would think that maybe these are just wacked-out the trees coming of the wild ideas. and back, this green growth alliance has members like the world bank, deutsche bank, any number, ge can hsbc as members. these big companies who went to up the bus in their expensive airlines to my drinking champagne, and they're telling us what to do with our taxpayer dollars. it just makes me angry, and i think what is the fairness and that? >> there is no fairness. and it is something, the occupy wall street and the partnership agreement among corporate welfare. these huge companies are really pigs at the trough when it comes to a taxpayer money, and does not matter how big or small the company. there is money to be had these companies going to go after it. we side with the cap in trade, jus
this culture of promoting these ideas with government capitol only creates government welfare or corporate welfare and creates corporate dependence. gerri: companies that fail as we talked about some many times in the show. whether you're talking about solyndra or a number of others that our government financed. you would think that maybe these are just wacked-out the trees coming of the wild ideas. and back, this green growth alliance has members like the world bank, deutsche bank, any number,...
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Jan 23, 2013
01/13
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the malaysian government said that one of its citizens died there. at least 37 workers and 39 fighters were killed. the nigerian army are still working -- are still looking for foreign workers. french media say they were collecting their belongings before being moved to a nearby town. japan says it will shut its embassy in molly because of worsening security. -- in mali because of worsening security. french troops have helped the government forces make significant gains. jackie has more. >> the u.s. air force transport plane takes off from banaco airbase. tangible proof of the growing support of the united states for the french intervention in mali. the americans, along with britain and france, are helping to transport french troops and equipment. this french contingent has been there for 10 days. they have their kit. now they are waiting for their marching orders. this is the logistical hub of the operation. it is here that the troops arrive. it is also hear that the supplies arrive. and the french are starting to fly bombing raids from here, too. i
the malaysian government said that one of its citizens died there. at least 37 workers and 39 fighters were killed. the nigerian army are still working -- are still looking for foreign workers. french media say they were collecting their belongings before being moved to a nearby town. japan says it will shut its embassy in molly because of worsening security. -- in mali because of worsening security. french troops have helped the government forces make significant gains. jackie has more....
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needs to help the governments in the we can to deal with their security to build institutions all of this in the context of this expanding war on terror so to anyone who expected a smaller u.s. footprint in the region that's probably not going to happen from what we heard today if anything one could expect a bigger u.s. footprint in the region. canada is considering extending its commitment to the french intervention in mali including sending troops and offering the just tickles support that's after the u.s. italy and the u.k. also boosted their backing for the operation or to talk more about the incursion let's talk to independent political analyst dan glazer. how significant is it that canada or is extending its support for france and indeed why is it considering to boost its support. well i think we have to look at the western powers as one kind of one one one block at the moment in the sense that they have the kind of the european and american north american economic system is is collapsing and we've seen that since two thousand and eight and what a lot of these we've seen this i
needs to help the governments in the we can to deal with their security to build institutions all of this in the context of this expanding war on terror so to anyone who expected a smaller u.s. footprint in the region that's probably not going to happen from what we heard today if anything one could expect a bigger u.s. footprint in the region. canada is considering extending its commitment to the french intervention in mali including sending troops and offering the just tickles support that's...
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Jan 23, 2013
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. >> seven survivors of the attack will fly home on a government plane. the bodies of the seven victims will also be on the plane. >>> survivors from other asian countries have started to return patchari raksawong has details. >> a malaysian man arrived home on wednesday afternoon. he was an employee of the engineering firm, jgc. ravi kappusany was reunited at the airport with members of his family. >> i'm happy i came back home safely, that's all. the government knows what's happening. >> in manila, four filipino survivors also returned home on wednesday from a passenger plane from algeria, via qatar. they were working at the gas plant in the algerian desert at the time of the attack. they came into the arrivals hall accompanied by a japanese employee of jgc. they looked tense and did not respond to questions from reporters. a vehicle sent by the company collected them from the airport. several asian countries suffered casualties in the attack. they include seven japanese, six filipinos and one malaysian. >>> julia gillard has called for easing of fricti
. >> seven survivors of the attack will fly home on a government plane. the bodies of the seven victims will also be on the plane. >>> survivors from other asian countries have started to return patchari raksawong has details. >> a malaysian man arrived home on wednesday afternoon. he was an employee of the engineering firm, jgc. ravi kappusany was reunited at the airport with members of his family. >> i'm happy i came back home safely, that's all. the government...
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Jan 23, 2013
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barely enough to govern. now with almost all the votes counted, it looks like a hung parliament. 60 seats on the right. 60 seats on the left. that means that netanyahu must now do something that really none of us took too seriously last night. he must reach out, as you say, across the aisle to the center left. that means turning to really the big winner in these elections. a newcomer named yayer lapit. a former news anchorman, charismatic head of a centrist, secular party which ran on mostly domestic, economic meat and potato issues. what will that mean policy wise? i think first we'll see early on a kick-start of the peace talks with the palestinians which have effectively been dead, those talks, for four years now. lapid is a strong president supporter of a two-state solution. we're likely to see movement there. that will, by the way, improve strained to say the least relations with the united states and the allies. but i don't think netanyahu's tough positions either on iran, on future air strikes in gaza,
barely enough to govern. now with almost all the votes counted, it looks like a hung parliament. 60 seats on the right. 60 seats on the left. that means that netanyahu must now do something that really none of us took too seriously last night. he must reach out, as you say, across the aisle to the center left. that means turning to really the big winner in these elections. a newcomer named yayer lapit. a former news anchorman, charismatic head of a centrist, secular party which ran on mostly...
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Jan 23, 2013
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. >> tom: are you referring to government spending cuts or or the central bank continuing with the firewall and protection. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little about the united states, because you do address the u.s., and obviously congress and the president keep putting off decisions on spending cuts for america's government budget. how does that postponement impact your forecast? >> we have assumed that basically the fiscal confrontation for this year will be about 1.25%. it could be worse. the scenario under which it is worse, is the case in which the administration comes in. if administration comes, the cuts in spending, there will be and additional half a percent. i think we have a forecast of 2%, and a decreased goal of 1.5%. >> tom: slow but steady growth in the united
. >> tom: are you referring to government spending cuts or or the central bank continuing with the firewall and protection. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little...
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Jan 23, 2013
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they also reduced the size of state government. indiana has the fewest state employees per capita in the country. we paid down the previous debt by 43%, and we currently sit with a budget surplus and a rebate program which will give money collected in taxes back to the taxpayer because of the efficiency and effectiveness of our spending program in terms of our government. indiana as a result of this has received its first triple-a credit rating, meaning when we do need to borrow or sell bonds to do certain infrastructure or meet other needs, we will receive the lowest interest rates possible because of our superb triple-a rating. so all this has transformed indiana's balance sheet and made our state one of the most attractive places to live, raise a family and do business in the midwest, if not in the nation. the story of indiana and how it got hold of its fiscal issues has been written up in national journals and newspapers and trumpeted on talk shows and documentaries and others. it's a remarkable story. not unique because we see
they also reduced the size of state government. indiana has the fewest state employees per capita in the country. we paid down the previous debt by 43%, and we currently sit with a budget surplus and a rebate program which will give money collected in taxes back to the taxpayer because of the efficiency and effectiveness of our spending program in terms of our government. indiana as a result of this has received its first triple-a credit rating, meaning when we do need to borrow or sell bonds...
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Jan 23, 2013
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. >> reporter: lawmakers in the house passed legislation allowing the government to continue to borrow money and pay its bills. the senate is also expected to approve the measure that suspends the debt limit until may and prevents turmoil in the financial markets. >> we will not risk the full faith and credit of the united states. >> reporter: republicans came up with the plan reversing course from just a few weeks ago when they wanted to use the debt limit vote to force democrats to agree to more spending cuts. but this new measure does include a catch. it requires the democrat- controlled senate to pass a budget by april. if they don't, lawmakers' salaries will be frozen. >> it's simple. no budget, no pay. >> all we're saying is, congress, follow the law! do your work! >> reporter: getting a budget passed could be difficult. senate democrats haven't done it in nearly 4 years. senators from both parties say they are willing to work together. >> so do we have some kind of detente that may yield an agreement? >> we're done. we just worked it out. >> reporter: joking aside, many democrat
. >> reporter: lawmakers in the house passed legislation allowing the government to continue to borrow money and pay its bills. the senate is also expected to approve the measure that suspends the debt limit until may and prevents turmoil in the financial markets. >> we will not risk the full faith and credit of the united states. >> reporter: republicans came up with the plan reversing course from just a few weeks ago when they wanted to use the debt limit vote to force...
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Jan 23, 2013
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when you ask do you want the government to ban certain things, you get quite another answer. and that's because we have a sense of not just of equality in the country but fairness. >> you've been laughing here. what's amusing here? >> what's amusing to me is we're making such a big deal about it. we all live our lives, right? i think on a day-to-day basis, we accept the people around us. we have to go to work, we have to shop, we go to the gym, wherever. the fact that we're making a big deal about the president using the word "gay" is crazy. that is absolutely crazy. >> there's a big deal to be made here which is that only in nine states can i get married. you can get married in all the states. >> i'm not saying there's not stupidly. >> that's a big deal. not just about him using gay in his inaugural remarks, this is about him saying on that issue, that's not fair, that's not equal rights. >> imagine how it would be -- imagine how it would be if actually you could be a black man or woman in america and only have your rights recognized in a number of states. people would find
when you ask do you want the government to ban certain things, you get quite another answer. and that's because we have a sense of not just of equality in the country but fairness. >> you've been laughing here. what's amusing here? >> what's amusing to me is we're making such a big deal about it. we all live our lives, right? i think on a day-to-day basis, we accept the people around us. we have to go to work, we have to shop, we go to the gym, wherever. the fact that we're making a...
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Jan 23, 2013
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we're not just hurting the federal government, but also the state government that don't borrow at the interest rate that the federal government borrows at. >> you're written testimony in the case of that for a decade, actually for a couple of decades we've seen income in equality increase dramatically with little change of income for 90% of wage earners and 50% for those at the top. what are the policies you think we most need to address other than getting stability on this full faith and credit of the united states to change that and ensure there is a more equitable share in the american economy? >> the evidence is compelling, education, human capital, people can work with information and technology. and many people in american society today, cannot afford by themselves to get that kind of education. you can make resources available to support younger people and families that is good for them, that is good for the economy, and that is good for the tax base. it is going to strengthen the budget. >> in terms of competitiveness worldwide, building a stronger work force, as you mentioned
we're not just hurting the federal government, but also the state government that don't borrow at the interest rate that the federal government borrows at. >> you're written testimony in the case of that for a decade, actually for a couple of decades we've seen income in equality increase dramatically with little change of income for 90% of wage earners and 50% for those at the top. what are the policies you think we most need to address other than getting stability on this full faith and...
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Jan 23, 2013
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treasury, just for taking the auto company off the government's hands and running it. he used the $6 billion to modernize chrysler plants with state-of-the-art equipment to improve quality, upgraded 16 existing models in just 18 months, and began integrating chrysler and fiat's operations. obviously, you saw something in chrysler that you thought would fit well with fiat? >> yeah, from a product standpoint, they were the other half of the coin. when you put the two together, we were gonna come up with a product portfolio that was absolutely complete. >> chrysler's best assets were its jeeps, minivans, and light trucks. fiat's expertise was in small car technology and fuel-efficient engines, the very thing that chrysler lacked. and in april of 2012, the first product of that collaboration began rolling off the assembly line in belvidere, illinois. >> this car didn't even exist on paper in june of 2009. >> it's the dodge dart, the first new compact sedan that chrysler has produced in more than a decade. it's a slightly longer and wider version of the alfa romeo giulietta
treasury, just for taking the auto company off the government's hands and running it. he used the $6 billion to modernize chrysler plants with state-of-the-art equipment to improve quality, upgraded 16 existing models in just 18 months, and began integrating chrysler and fiat's operations. obviously, you saw something in chrysler that you thought would fit well with fiat? >> yeah, from a product standpoint, they were the other half of the coin. when you put the two together, we were gonna...
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Jan 23, 2013
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of security is the host government's responsibility. we rely on them. and that militia group in benghazi failed us on september 11th and 12th, so we need to reenforce the ability of these governments to protect our embassies and consulates in 275 different locations around the world. >> well, that raises a point, michael lighter, if we should be in 275 locations. we don't want to retreat from the world, but basically according to the review board that admiral mullen and pickering went through, they looked through the videos and say this host government local militia just turned tail and ran before the attack, or as the attack, was taking place. >> i think what we saw in libya was a slowness on behalf of the state department to adjust to very, very different circumstances in libya. and during the ghadafi area, you could have had people there and the security forces would have protected the installation. clearly, it was a much more dangerous place than we were set up to deal with. these are the places we have to be. if we don't want to ha
of security is the host government's responsibility. we rely on them. and that militia group in benghazi failed us on september 11th and 12th, so we need to reenforce the ability of these governments to protect our embassies and consulates in 275 different locations around the world. >> well, that raises a point, michael lighter, if we should be in 275 locations. we don't want to retreat from the world, but basically according to the review board that admiral mullen and pickering went...
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Jan 23, 2013
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ed, we have certainly got a lot of data points indicating there is strength in china, whether from government numbers or independent numbers. >> yep. >> are you a buyer of that? are you seeing that play on the commodities market? >> well, we have to remember, even at 7.8% or 7.9% growth, it's not 10 or 11% growth. so it's a sign that chinese growth has not slipped but the new norm for china is significantly lower than the old norm. and that means lower demand for commodities as well. >> right. and also, the thing you have to keep in mind in terms of the commodities trade is whether or not china is actually taking inventories of certain kinds of commodities, just because they're growing, just because they're building out subways and power lines doesn't necessarily mean the trade is always higher for all commodities across the board. >> absolutely. and we've seen this in oil, where imports have gone up, refinery has put us up, but don't know what is happening with the product and it does appear that final demand at the consumer level is not growing fast. and that may mean the chinese refiners t
ed, we have certainly got a lot of data points indicating there is strength in china, whether from government numbers or independent numbers. >> yep. >> are you a buyer of that? are you seeing that play on the commodities market? >> well, we have to remember, even at 7.8% or 7.9% growth, it's not 10 or 11% growth. so it's a sign that chinese growth has not slipped but the new norm for china is significantly lower than the old norm. and that means lower demand for commodities...
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Jan 23, 2013
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the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surprise. >> all of which were the reasons why you were staying away from the market so now you're throwing in the towel on the political agenda. >> it wasn't so much driven into investors' heads that congress was incapable of embracing austerity. now we know. look, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so you don't want to fight that liqu
the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surprise. >> all of which were the reasons why you were staying away from the market so now you're throwing in the towel on the political agenda. >> it wasn't so much driven into investors' heads that congress was incapable of embracing austerity. now we know. look, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit...
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Jan 23, 2013
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the house passed that bill to permit the government to keep on borrowing for about four more months. eamon jafers, the idea is to buy more time to get a budget deal right. >> that's exactly right, mandy. in the end, the final vote was, 285 to 144 so the measure does pass and what it does is two things. you are right, it buys time, kicks the debt ceiling back into may 19. that point they could borrow as much money as they like up to that point. after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end t
the house passed that bill to permit the government to keep on borrowing for about four more months. eamon jafers, the idea is to buy more time to get a budget deal right. >> that's exactly right, mandy. in the end, the final vote was, 285 to 144 so the measure does pass and what it does is two things. you are right, it buys time, kicks the debt ceiling back into may 19. that point they could borrow as much money as they like up to that point. after that they will reimpose a debt ceiling,...
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Jan 23, 2013
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if he was able to have a democrat follow him four years from now then maybe the idea that government can be hipful to people, go back to what bob carry said that whole idea what we can do with collective action has returned because we've spent a couple decades with 9 idea that government was the enemy. that would be a big shift if that's possible. the only other thing i would say i think he needs to think about the economy even if it's beginning to recover there's still a problem for the manufacturing base not being here, for are kids not being trained correctly, for getting more jobs that are really good jobs for people here. there's a lot of ideas that have been put forth but they need to be focused in a certain way, the idea if you work hard you really can get ahead in this country just like people did in the old days. >> rose: i want to come back to that. michael. >> there are all sorts of reasons for optimism but since we're talking about history, one cautionary note. lbj at the beginning of 1965 i think bob will confirm this, said to his staff you may think i can do anything. b
if he was able to have a democrat follow him four years from now then maybe the idea that government can be hipful to people, go back to what bob carry said that whole idea what we can do with collective action has returned because we've spent a couple decades with 9 idea that government was the enemy. that would be a big shift if that's possible. the only other thing i would say i think he needs to think about the economy even if it's beginning to recover there's still a problem for the...
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Jan 23, 2013
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he stepped up and accepted responsibility from that and that shouldn't be a refreshing novelty in government or business but right now it is. cheryl: i had to ask because the decision calibers make and resistance you make are also market-moving frankly. joe rear, chief investment officer. we will be watching, thank you for being here. closing bell going to ring, 49 minutes to go. doctors -- you know why -- patients of the flu, i don't know. at night is turning to an interesting source what comes to getting the latest information on the outbreak. liz claman gets the game plan for the flu season straight from the chairman and ceo in davos, some bold statements on health care spending coming up next as "countdown to the closing bell" role on. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-
he stepped up and accepted responsibility from that and that shouldn't be a refreshing novelty in government or business but right now it is. cheryl: i had to ask because the decision calibers make and resistance you make are also market-moving frankly. joe rear, chief investment officer. we will be watching, thank you for being here. closing bell going to ring, 49 minutes to go. doctors -- you know why -- patients of the flu, i don't know. at night is turning to an interesting source what...
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>> i think the government should have pursued them. when we look at the biggest mess the industry was in. we weren't in them but then acquired mortgage city and got us back into it. it was such a mess, i don't think there was any question the government should have required the banks to go back and look to see what took place. i can only speak for our experience. there were errors in the national city process, no question. sweatled those and that's fine. i think what was happening was the government did a good thing, they were finding -- you might find a lot of technical errors and we'll deal with that. there really wasn't a great deal of foreclosing on people who didn't pay their bills. >> the bankers need a pr firm, too. just watching the media portrayal of settlements done, they divided $2 billion bay ty number of people affected and say the average homeowner only gets $800 and the bank gets away with it. you would think the everybody was foreclosed upon the individual had no complicity or responsibility in anything that happened. >
>> i think the government should have pursued them. when we look at the biggest mess the industry was in. we weren't in them but then acquired mortgage city and got us back into it. it was such a mess, i don't think there was any question the government should have required the banks to go back and look to see what took place. i can only speak for our experience. there were errors in the national city process, no question. sweatled those and that's fine. i think what was happening was the...
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they believe in government by gimmicks. and this, you know, no budget, no pay bill is another gimmick. let's kind of play this out. what their bill says is if the house doesn't pass a budget bill by april 15, we don't get paid. if the senate doesn't pass a budget by bill -- bill by april 15, they don't get paid. i'm sure they have the votes to ram whatever they want through the house of representatives and i'm sure they'll bring us yet another budget bill that has another extreme, excessive spending cuts and programs that benefit the middle class and poor they brought before us last year. i think they will bring a bill to the floor. let's say the senate does bring a budget bill to the floor and they pass it. this bill does not require that there be a conference report that is voted on by both the house and the senate as a condition to whether or not members get paid. so, again, this is not a solution. what this is is more political gamesmanship. you pass something in the house and maybe totally irrecognize seibel, something
they believe in government by gimmicks. and this, you know, no budget, no pay bill is another gimmick. let's kind of play this out. what their bill says is if the house doesn't pass a budget bill by april 15, we don't get paid. if the senate doesn't pass a budget by bill -- bill by april 15, they don't get paid. i'm sure they have the votes to ram whatever they want through the house of representatives and i'm sure they'll bring us yet another budget bill that has another extreme, excessive...
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Jan 23, 2013
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in terms of changing the bank, restructuring how the governance is done. >> look, i'm very proud of jpmorgan. you know, last year i think 1.8 trillion of capital or credit for consumers or businesses. we had a problem, you know, we've fully acknowledged that we've undressed ourselves in the public and the rest of the bank is pretty well controlled and pretty well managed. the same bank that went through '07 and '08 and '09 and 2010 and 011 and for the most part did fine. whenever a company makes a mistake, you should analyze it and be better for you and make sure you apply best practices across the country. there are a couple of things we learned applying across the company. >> what kind of safeguards can you share with us that you are applying? >> look, everything we do risky, a gap in our fortress wall, and then the one -- the one that's going to go across all companies, we use models extensively, just make sure they are always used properly for the right way. we should get model obsessed. start to run your business on models, you'll get in trouble, too. >> pretty extraordinary that even w
in terms of changing the bank, restructuring how the governance is done. >> look, i'm very proud of jpmorgan. you know, last year i think 1.8 trillion of capital or credit for consumers or businesses. we had a problem, you know, we've fully acknowledged that we've undressed ourselves in the public and the rest of the bank is pretty well controlled and pretty well managed. the same bank that went through '07 and '08 and '09 and 2010 and 011 and for the most part did fine. whenever a...
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protect the public and background checks loopholes at gun shows needs to be stopped but i don't think the government will let it happen. >> michael: it's december pressing when you see the news, all this gunfire and the republicans will not move because they're in the hands of the nra. it's really pathetic. they are a bunch of clowns sometimes. we are a better country because of people like you. thank you. >> thank you. >> reporter: it's been 39 days since the tragedy at sandy hook. at least 1131 has died from gun violence. that's about 43 towns like newtowns. lydia was shot and her mother were shot while they were preparing for a birthday party for lydia's little brother. sheher mother survived but she ♪ ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >> obama: and each day brings further evidence that the way we harness the sun the wind and the soil to fuel our cars and run our factories. >> michael: that was the only shout out the environment got du
protect the public and background checks loopholes at gun shows needs to be stopped but i don't think the government will let it happen. >> michael: it's december pressing when you see the news, all this gunfire and the republicans will not move because they're in the hands of the nra. it's really pathetic. they are a bunch of clowns sometimes. we are a better country because of people like you. thank you. >> thank you. >> reporter: it's been 39 days since the tragedy at sandy...
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so i wouldn't hold my breath that whatever israeli government that emerges is going to be able to take major decisions on the israel yanl palestinian decisions because it's going to be a broader government. it's on the rule of the orthodox, national service, socioeconomic issues and perhaps on iran. >> a lot of people think that the center in israel, it's really much disputed, has moved further to the right and this government may too. he wants only just, the voters heard him, a bit of a slap in face. he has to do deals. that's the nature of the politics. you have to have a coalition. the more diverse it is, the harder it is to move it forward. what is he going to face pulling it together? >> i think the question is can a sit with b? i mean, lapid has a major priority in trying to push the issue of national service for the orthodox community within israel. that's invariably going to create major tensions with benjamin netanyahu's traditional coalition partners. >> he's having to hold hands with them as well. >> exactly. so i think you could foresee a coalition, as strange as it may see
so i wouldn't hold my breath that whatever israeli government that emerges is going to be able to take major decisions on the israel yanl palestinian decisions because it's going to be a broader government. it's on the rule of the orthodox, national service, socioeconomic issues and perhaps on iran. >> a lot of people think that the center in israel, it's really much disputed, has moved further to the right and this government may too. he wants only just, the voters heard him, a bit of a...
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Jan 23, 2013
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the potential for the federal government to shut down. i think many people underestimate the significance of the federal government as a part of, you know, what drives the u.s. economy. melissa: so what could they be doing you think to make things better? what could turn things around from a trucking perspective? >> i think in recent history, anytime our leaders here in washington make, you know, get a decision made, even if it is not what everybody likes or agrees with, the more certainty there is in the business community, the more likely we are to see investment and people making plans about moving forward. i mean i think it is too early to tell how consumer sentiment and consumer behavior is going to be impacted by the, by the tax increases. i mean everybody saw the 2% hit on the payroll tax expiration, what, a little less than 1% on the health care costs. so, we just don't know yet. that impacts us directly because we move a the of retail goods by truck. melissa: but, you know a lot of people out there think that the economy is getti
the potential for the federal government to shut down. i think many people underestimate the significance of the federal government as a part of, you know, what drives the u.s. economy. melissa: so what could they be doing you think to make things better? what could turn things around from a trucking perspective? >> i think in recent history, anytime our leaders here in washington make, you know, get a decision made, even if it is not what everybody likes or agrees with, the more...
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Jan 23, 2013
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which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts. sequester. that gets us back to where we were in the 1980s. it is more of a norm of a political process. if we can stay there, that's good news for this president because it reduces a threat to the economy and of course good news to people working in the economy in the financial market. >> john harwood, thank you very much. to mary thompson now with breaking news. >> announcing charges against three alleged international cyber criminals. the three have been charged again in infiltrating computers around the world, about a million computers around the world, including 40 thousand here in the u.s. with a virus known as the gozi virus. the plot the cyber criminals wanted to actually access information including bank account information in an effort to steal money from those accounts. also, the virus infected the computers at nasa. again, th
which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts. sequester. that gets us back to where we were in the 1980s. it is more of a norm of a political process. if we can stay there, that's good news for this president because it reduces a threat to the economy and of course good news to...
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it really was changing the way government collects taxes. it broadened the tax base dramatically and it lowered tax rates. we had almost every democrat to vote with us in 1986. i think it was 97-three in the senate. that is bipartisan. i am really hoping congress can do that going forward. dagen: it was great to talk with you. be well. connell: jamie dimon is at the world economic forum. he has been taking on his critics are what he calls bad legislation. dagen: apple. the company reports after the bell today. we will set the stage on what you can expect to hear from the tech giant. will you be disappointed? take a look at oil today. it is slightly lower. $96.50 a barrel. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a
it really was changing the way government collects taxes. it broadened the tax base dramatically and it lowered tax rates. we had almost every democrat to vote with us in 1986. i think it was 97-three in the senate. that is bipartisan. i am really hoping congress can do that going forward. dagen: it was great to talk with you. be well. connell: jamie dimon is at the world economic forum. he has been taking on his critics are what he calls bad legislation. dagen: apple. the company reports after...
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Jan 23, 2013
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the government doesn't work this fast. i worked for them. former irs accountant dee dee stone, now in private practice, was handling the books for this man, ron allen, who controlled a string of limited partnerships in dallas. >> these companies had no sales, but they had all the loans, and the only assets they had were receivables from other related companies. >> convinced the whole thing was a ponzi scheme, she snuck into the office on a weekend and found all the evidence in one drawer. >> you could see where the money was coming in from investors and being transferred out to his companies and to his wife. >> were you scared? >> i was. i was terrified. it was a sunday so it wasn't real likely anyone was going to come in. >> no one came in and stone brought her findings to the s.e.c. in april, 2011, a federal judge shut down what the s.e.c. called an $8 million ponzi scheme. without admitting guilt ron allen and his wife agreed to pay more than half a million dollars and dee dee stone collected a bounty under the new s.e.c. whistle-blower p
the government doesn't work this fast. i worked for them. former irs accountant dee dee stone, now in private practice, was handling the books for this man, ron allen, who controlled a string of limited partnerships in dallas. >> these companies had no sales, but they had all the loans, and the only assets they had were receivables from other related companies. >> convinced the whole thing was a ponzi scheme, she snuck into the office on a weekend and found all the evidence in one...